"Today's figures offer further proof that London is a fantastic place to grow and scale an international technology business. "London Tech Week is a fantastic opportunity to demonstrate our city's strengths to a global audience and I look forward to an exciting week of events," said Mayor of London Sadiq Khan. "London is Europe's leading tech hub and is helping to create even more jobs and investment for the capital and the wider UK economy. So far in 2019, London's tech sector has seen significantly more tech investment than the likes of Paris, Berlin and Stockholm.Venture capital investment into London companies accounted for over 80 per cent of the total GBP 3.17 billion invested into the UK tech sector so far this year. The UK has also dominated the European investment landscape in 2019, with British tech firms raising over double the amount seen in Germany, France and Spain.

Source: Economic Times June 10, 2019 11:26 UTC